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Monday, June 24, 2024 Live Webcast

Guide to the Corporate Transparency Act for Accounting and Finance Professionals (E2406202)

9:00 AM - 10:40 AM EDT

Registration: 8:30 AM EDT

webcast

Vendor Platform

2 CPE Credits in FN

OVERVIEW

Effective January 1, 2024, an estimated 32.6 million entities will be required to report information about their beneficial owners to FinCEN as part of the Corporate Transparency Act (CTA). In an effort to combat money laundering and other illegal activities, the law provides harsh penalties for the failure to report the required information. This reporting specifically targets small businesses and holding entities, creating opportunities for accountants, tax practitioners, and other business advisors to expand their service offerings. The reports require the listing of all “beneficial owners,” and they are imprecisely defined, possibly requiring an exercise of judgement. Therefore, proper education of professionals and business owners is paramount for accurate reporting. The course includes an overview of the CTA and a detailed discussion of what information needs to be reported to FinCEN.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

Accounting and finance professionals who service clients affected by the new CTA, and accounting and finance professionals whose own entity may be affected as well

BENEFITS

  • Understand the goals of the beneficial ownership reporting
  • Identify what entities need to file the reports and what information needs to be provided

HIGHLIGHTS

  • Updates on legislative challenges
  • The Corporate Transparency Act and its goals
  • Which entities need to file reports and which entities are exempt?
  • Deep dive into the definitions of beneficial owner and substantial control
  • Information that needs to be reported
  • Logistics on how and when to file the forms

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Joseph Nicola

Joseph P. Nicola, CPA, CVA

Joe Nicola is a Tax Partner with more than thirty-five years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for individuals, family offices, and various forms of business entities, such as corporations, partnerships, and limited liability companies. Joe is particularly experienced in federal and multi-state tax matters that affect numerous industries and niches, including private equity, investments, natural resources, manufacturing, distribution, high technology, securities, and start-up businesses. He has consulted on technically complex matters, such as retirement planning, succession planning in the context of a family office, securities, partnership and corporate reorganizations and liquidations, and international tax matters. While in public practice, Joe also served for many years as an adjunct member of the faculty with Duquesne University's MBA and Master of Science in Taxation/Accountancy programs, as well as with Robert Morris University's Master of Taxation program. His course load included Corporate Taxation, Advanced Corporate Taxation, Reorganizations (Mergers and Acquisitions), Taxes as a Basis of Managerial Decisions, and Taxation of Derivatives. He is also a published author of CPE/CLE texts and industry articles, and a frequent professional speaker. Mr. Nicola received his BS degree in Business Administration from Robert Morris University and his JD degree from the University of Pittsburgh School of Law.

PRICING

$99.00 - Member

$137.00 - Nonmember

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Note: Online pre-registration will close on June 24 at 9:00 AM.

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COURSE DEVELOPER

Surgent